Loan amounts

Loan amounts
Navy Federal Credit Union

What You Need to Get a Home Improvement Loan

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5.74% to 21.78%

What to Consider When Looking at Home Improvement Loans


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Additional Ways to Finance Home Improvement Projects

Whether you own a condo, stand-alone house, mobile home or vacation property, you can apply for a home improvement loan. 
If you’d prefer not to take out a loan but need access to funds, you have options there, too.

Frequently Asked Questions (FAQs) About Home Improvement Loans

OK, this isn’t a loan, but it’s still an applicable payment option. If you’re in a pinch, you could put a home expense on an existing credit card. Ideally, this would be a card you can pay off at the end of the month without accruing interest (or better yet, one that will earn you points or other favorable benefits for using it).

A personal loan is an unsecured loan that can be used to pay for just about anything. If you need money quickly, this might be your best bet.
It’s a good idea to list out the total amount of money you want to fund your project. Compare different payment methods (loans, credit cards, home equity lines of credit, etc.) and see which terms and conditions meet your needs.
Online application
To be sure, there are hoops to jump through with an FHA 203(k) loan and it takes a more significant amount of time to get approved — applications must be submitted through an approved lender, there are listed eligible rehab activities, you may only be able to work with certain contractors and you can only use this loan for a primary (not rental) residence, to name a few regulations. However, for the most part, you only need to put at least 3.5% toward a downpayment and can get qualified with a fair credit score.
We’ve answered some of the most common questions about home improvement loans to help you make a decision about whether to apply for one and which financial institution you might select.
Whatever your reasons, remember that all personal loans require some consideration of the pros and cons before you push forward.
Navy Federal Credit Union was founded in 1933 at the tail-end of the Great Depression. This credit union serves U.S. military members in all branches, veterans, Department of Defense employees and their family members — to the tune of 10 million member-owners. Navy Federal has branches all around the world and offers many of the traditional banking products.
Key Features
Is Any Type of Property Eligible for a Home Improvement Loan?

Credit score
Like most situations in the personal finance space, your individual needs and eligibility will determine the best home improvement loans and course of action for you.